Clariant AG: Clariant successfully places EUR 300 million of certificates of indebtedness
(Thomson Reuters ONE) -
Clariant AG /
Clariant AG: Clariant successfully places EUR 300 million of certificates of
indebtedness
. Processed and transmitted by NASDAQ OMX Corporate Solutions.
The issuer is solely responsible for the content of this announcement.
Muttenz, April 26, 2016 - Clariant, a world leader in specialty chemicals,
announced today the issuance of in aggregate EUR 300 million of debt in the
German market for certificates of indebtedness ("Schuldschein"). The four
certificates have terms of 4.5 years (EUR 156.5 million with a fixed coupon and
EUR 55.5 million with a floating coupon), 7 years (EUR 73.5 million with a fixed
coupon) and 10 years (EUR 14.5 million with a fixed coupon).
The interest to be paid for the certificates of indebtedness is based on six-
month Euribor (variable tranche) or mid-swap (fixed tranche), respectively, plus
a credit margin premium (spread). Total fixed interest costs per tranche are
between 1.012 % and 2.01 % p.a.
With the issuance of these certificates Clariant has further improved its debt
maturity profile. The proceeds will be used for general corporate and
refinancing purposes.
Joint arrangers of the issue were Landesbank Baden-Württemberg and Landesbank
Hessen-Thüringen Girozentrale.
Corporate Media Relations Investor Relations
Carsten Seum Anja Pomrehn
Phone +41 61 469 63 63 Phone +41 61 469 67 45
carsten.seum(at)clariant.com anja.pomrehn(at)clariant.com
Claudia Kamensky Steven Massheder
Phone +41 61 469 63 63 Phone +41 61 469 68 58
claudia.kamensky(at)clariant.com steven.massheder(at)clariant.com
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www.clariant.com
Clariant is a globally leading specialty chemicals company, based in Muttenz
near Basel/Switzerland. On 31 December 2015 the company employed a total
workforce of 17 213. In the financial year 2015, Clariant recorded sales of CHF
5.807 billion for its continuing businesses. The company reports in four
business areas: Care Chemicals, Catalysis, Natural Resources, and Plastics &
Coatings. Clariant's corporate strategy is based on five pillars: increase
profitability, reposition portfolio, add value with sustainability, foster
innovation and R&D, and intensify growth.
Press Release German:
http://hugin.info/100166/R/2006484/741360.pdf
Press Release English:
http://hugin.info/100166/R/2006484/741359.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Clariant AG via GlobeNewswire
[HUG#2006484]
Unternehmensinformation / Kurzprofil:
Datum: 26.04.2016 - 07:00 Uhr
Sprache: Deutsch
News-ID 466301
Anzahl Zeichen: 3391
contact information:
Town:
Muttenz 1
Kategorie:
Business News
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